what is marketing mix، Marketing Mix is a set of marketing device or techniques, used to advertise a product or companies available in the market and promote it. It is about positioning a product and deciding it to promote in the suitable place, on the proper value and proper time. The product will then be bought, in accordance with and promotional technique.

what is marketing mix technique

Marketing Mix is a blanket time period that covers the actions carried out for gross sales enhancement and model promotion. The marketing mix contains essential elements: Value, Product, Promotion, and Place, collectively generally known as the 4 Ps of the marketing mix. A marketing mix is very important for decoding the services or products that helps put together potent marketing methods.

what is marketing mix

The definition of marketing mix can greatest be described as the mix of components used to advertise services or products. These variable components are based mostly upon the evaluation of the “4 P’s” of marketing: product, value, place, and promotion. Particular marketing techniques are then shaped from the intersection of those 4 elements.